In 2018, first time buyers paid higer total mortgage payments relative to their income compared to people who already owned a home. The mortgage payment of first time buyers was 17.6 percent of income, while for former owners it was 16 percent. The total mortgage payment refers to the total of all monthly payments over the full term of the mortgage.
Total mortgage payment as a percentage of income in the United Kingdom (UK) in 2018, by type of buyer (in GBP)
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Office for National Statistics (UK). (March 25, 2020). Total mortgage payment as a percentage of income in the United Kingdom (UK) in 2018, by type of buyer (in GBP) [Graph]. In Statista. Retrieved March 06, 2021, from https://www.statista.com/statistics/1106852/share-of-mortgage-payment-from-income-united-kingdom-first-time-buyers-and-former-owners/
Office for National Statistics (UK). "Total mortgage payment as a percentage of income in the United Kingdom (UK) in 2018, by type of buyer (in GBP)." Chart. March 25, 2020. Statista. Accessed March 06, 2021. https://www.statista.com/statistics/1106852/share-of-mortgage-payment-from-income-united-kingdom-first-time-buyers-and-former-owners/
Office for National Statistics (UK). (2020). Total mortgage payment as a percentage of income in the United Kingdom (UK) in 2018, by type of buyer (in GBP). Statista. Statista Inc.. Accessed: March 06, 2021. https://www.statista.com/statistics/1106852/share-of-mortgage-payment-from-income-united-kingdom-first-time-buyers-and-former-owners/
Office for National Statistics (UK). "Total Mortgage Payment as a Percentage of Income in The United Kingdom (Uk) in 2018, by Type of Buyer (in Gbp)." Statista, Statista Inc., 25 Mar 2020, https://www.statista.com/statistics/1106852/share-of-mortgage-payment-from-income-united-kingdom-first-time-buyers-and-former-owners/
Office for National Statistics (UK), Total mortgage payment as a percentage of income in the United Kingdom (UK) in 2018, by type of buyer (in GBP) Statista, https://www.statista.com/statistics/1106852/share-of-mortgage-payment-from-income-united-kingdom-first-time-buyers-and-former-owners/ (last visited March 06, 2021)